Thu, Mar 20, 9:02 PM (38 days ago)
### Summary of Amprius Technologies, Inc. (AMPX) **Financial Performance:** - **Revenue:** $24.2 million (2024) vs. $9.1 million (2023) - **Net Income:** -$44.7 million (2024) vs. -$36.8 million (2023) - **Operating Expenses:** $27.9 million (2024) vs. $24.0 million (2023) - **Earnings Per Share (EPS):** -$0.45 (2024) vs. -$0.43 (2023) **Strategic Overview:** - **Product Platforms:** SiCore and SiMaxx batteries, with SiCore developed in collaboration with Berzelius. - **Manufacturing:** Expanding Fremont, California facility into a MWh-scale manufacturing facility and planning a GWh-scale facility in Brighton, Colorado. - **Market Position:** Strong presence in the aviation industry, with over 260 customer engagements and shipments to 235 customers. **Future Outlook:** - **Growth Strategy:** Leverage existing contract manufacturing capacity, expand manufacturing facilities, reduce SiMaxx battery manufacturing costs, and extend first-mover advantage in the aviation market. - **Research and Development:** Focus on improving battery life, energy density, and larger cell form factors. **Risk Factors:** - **Supply Chain Risks:** Dependence on Berzelius and third-party manufacturers for SiCore batteries. - **Market Risks:** Highly competitive market with established and new entrants. - **Operational Risks:** Dependence on complex equipment and potential delays in manufacturing expansion. - **Financial Risks:** Need for additional capital to support business growth and potential impact of global economic conditions. **Financial Condition:** - **Cash and Cash Equivalents:** $55.2 million (2024) - **Operating Lease Liabilities:** $34.4 million (2024) - **Stockholders' Equity:** $69.5 million (2024) **Market Position Changes:** - **Customer Base:** Over 260 customer engagements and shipments to 235 customers. - **Product Validation:** Batteries tested and validated by key partners such as AALTO Airbus, AeroVironment, BAE Systems, Kraus Hamdani Aerospace, Teledyne FLIR, and the U.S. Army. **Note:** Amounts are usually in thousands, 000s.